Bitcoin ETFs Experience $226M Outflow, Fidelity Leads #Bitcoin
Bitcoin ETFs saw a $226M outflow on June 13, 2024. Fidelity’s ETF lost $106M, Grayscale $62M, and Ark & 21Shares $53M. SEC hints at Ethereum ETF approval. #Crypto #Bitcoin
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Terraform Labs Settles $4.5B with SEC Approval #Crypto
New York District Judge Jed Rakoff approves a $4.47B settlement where Terraform Labs will pay the SEC, marking the largest corporate fine ever. Former CEO Do Kwon to reimburse $204M. #Crypto #Regulation
Web3: BNB Chain, Binance Labs Launch Support Program
.@BNBCHAIN and @BinanceLabs launch the BNB Incubation Alliance to support early-stage Web3 projects with resources, grants, and global events. Participants get benefits worth up to $300K. #Web3 #CryptoNews
AI: Teen Arrested in Turkey for Exam Cheat
Turkish teen arrested for using AI to cheat in the TYT exam. Hidden camera, modem, and earpiece used to transmit questions and receive answers. #AcademicIntegrity #AIethics
Bitcoin Lightning Network Now on Bitget Platform #Bitcoin
.@BitgetGlobal integrates the Bitcoin Lightning Network, enabling faster and cheaper Bitcoin transactions. This upgrade aims to solve scalability issues and enhance transaction efficiency. #CryptoNews #Bitcoin
Bitcoin Sole Decentralized Crypto, Says Tether CEO #Crypto
Tether CEO Paolo Ardoino at BTC Prague 2024: “Bitcoin’s unmatched decentralization makes it a perpetual clock.” He critiqued meme coins and highlighted stablecoin regulation under MiCA. #Bitcoin #CryptoNews
Partnership: Magic Square and MoonPlay Launch New Game
Magic Square partners with MoonPlay Games to launch “To The Moon: Stellar Expedition” on Telegram. Users can earn up to 250 billion $MP tokens. #Gaming #CryptoGaming
Hack: OKX User Loses $11M in Cyberattack #Security
? Crypto user Crypto LaLa loses $11M in 25 mins due to OKX exchange hack. Funds swiftly converted to Ethereum, bypassing 2FA and notifications. Urgent need for better security. #CryptoSecurity #CyberAttack
Bitcoin ETFs Attract $100M Inflows #Bitcoin
American spot Bitcoin ETFs see a $100.90M inflow on June 12, 2024, led by @Fidelity’s $51M. BlackRock’s $IBIT and Bitwise contributed $16M and $15M. #Bitcoin #CryptoNews
Layoffs: Paxos Cuts Workforce by 20%
Paxos, issuer of PayPal USD ($PYUSD), cuts workforce by 20%, affecting 65 employees. CEO Charles Cascarilla aims to capitalize on tokenization and stablecoin opportunities. #Crypto #Updates
Crypto and AI Markets Surge to $20 Trillion
Cryptocurrency and AI sectors are projected to reach $20 trillion by 2030. Notable developments include Core Scientific’s $3.5B deal and Nvidia’s market cap surpassing $3T. #Crypto #AI
Ripple Unveils RLUSD Stablecoin Innovation #Crypto
Ripple Labs introduces the USD-backed stablecoin RLUSD, launching by end of 2024. RLUSD will operate on both XRP Ledger and Ethereum, enhancing interoperability. #Crypto #Stablecoin
Funding Boost: Kima Network Raises $5 Million
Kima Network secures $5M in funding, raising its total to $8M. New capital will enhance TradFi and DeFi integration, expand partnerships, and develop protocols. #Crypto #DeFi #Updates
Security: Main Cause of OKX Account Hacks Revealed
On June 12, 2024, @OKX confirmed a security breach via forged documents, impacting user accounts and leading to significant financial losses. New security measures have been implemented. #Crypto #SecurityUpdate